Question : Stand up India Scheme

(a) the number of loans sanctioned and disbursed to women applicants and applicants from tribal and Scheduled Caste communities till date, under the Stand up India Scheme, State-wise including Karnataka;
(b) whether the Government has achieved the targets regarding number of beneficiaries under the Scheme;
(c) if so, the details thereof and if not, the reasons therefor;
(d) whether some banks have not given even a single loan under Stand up India Scheme to SCs/STs; and
(e) if so, the details of the names of such banks and the penal action taken against them?

(MINISTER OF STATE IN THE MINISTRY OF FINANCE)
(SHRI SHIV PRATAP SHUKLA)

(a) 68,352 loans have been sanctioned under Stand Up India Scheme up to 09.12.2018. The State-wise number of loans sanctioned and disbursed to woman applicants and applicants from Scheduled Tribe (ST) and Scheduled Caste (SC) under the Stand Up India Scheme including Karnataka as on 09.12.2018 is placed at Annexure- 1

(b) &(c) The Stand Up India Scheme is being implemented through all Scheduled Commercial Banks (SCBs) to benefit 2.5 lakh borrowers at a minimum of two borrowers per bank branch comprising at least one SC/ST borrower and at least one woman borrower. The branches of Scheduled Commercial Banks (SCBs) are progressively extending loans under the Scheme. The reason for not achieving the targets so far includes inter alia, requirement of handholding support by many first generation entrepreneurs to become eligible borrowers, limited availability of viable business proposals of requisite size in rural and semi urban areas, inability of borrowers to arrange margin money in the absence of convergence support etc.
(d) & (e) All Public Sector Banks (PSBs) have reported loans extended by them under the Stand Up India Scheme to SC/STs. However, certain Private Scheduled Commercial Banks, Scheduled Small Finance Banks, Foreign Banks and Regional Rural Banks (RRB) have so far not reported the loans extended by them. A list of these banks is placed at Annexure-II. Government and Small Industries Development Bank of India (SIDBI) have taken up the matter for vigorous implementation of the scheme with such banks directly or through the Indian Banks Association (IBA), National Bank for Agriculture and Rural Development (NABARD) and the sponsor bank (for RRBs) as the case may be.